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Credit raiting Default help needed

Sally_Wiltshire
Sally_Wiltshire Posts: 2 Newbie
in Debt-free wannabe
Hi, I have two defaulted CC accounts, and I am paying them off. The default was in 2010 and I would like to know when the Default on my credit history will not be marked default any more? I understand this should be 6 years from the default but as i am still paying them off is it 6 years from the last and final settlement payment? I did ask MA, but they did not know and they advised i speak to debt charities but they did not kow either - any help would be most welcome. Sally:T

Comments

  • glentoran99
    glentoran99 Posts: 5,825 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    6 years from the Default
  • Tixy
    Tixy Posts: 31,455 Forumite
    The whole record of that credit account will drop off 6years after the default date on your file.
    So even if you haven't paid it the debt would no longer show on your credit file at all.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
  • Sally_Wiltshire
    Sally_Wiltshire Posts: 2 Newbie
    Tixy wrote: »
    The whole record of that credit account will drop off 6years after the default date on your file.
    So even if you haven't paid it the debt would no longer show on your credit file at all.


    Thank you for your very useful information. Could i ask if the debt will be writen off too?
  • Tixy
    Tixy Posts: 31,455 Forumite
    The debt will still be owed and you will still need to repay it (or risk being taken to court). Its just that it will not longer show on your credit file.
    A smile enriches those who receive without making poorer those who give
    or "It costs nowt to be nice"
This discussion has been closed.
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